KitToken: Financial Ecosystem Based on Blockchain Technology

Tyways
3 min readAug 21, 2018

KitToken is a decentralized system based on the blockchain technology that aims to revolutionize the way in which transfers of payment from one person to another person is carried out. The vision of the KitToken team is to create a blockchain based system that has the capacity process transaction faster than the available traditional methods using the Kitpay.

KitToken is developing an innovative digital mobile and web version payment applications which is transparent, secure and fast that will enable a seamless payment process between peer. The time for completion of transactions processes for peer to peer is 5 seconds.

Prior to the launch of the KitToken platform, it will undergo quality and security check to know the systems level of security, performance, and usability. The platform is protected by firewall and high level cybersecurity infrastructure.

Working Principles of the KitPay

The KitPay is a platform with a centralized server incorporated in a blockchain infrastructure connected as a network. The Kitpay platform provides user with a wallet where tokens are stored, transferred and exchanged. A scheme called the Point of Stake (POS) will enable KitToken holders to receive profit sharing from the KitToken business earnings.

Benefits of using the KitPay Platform

1. It is has a wallet that allows users save a large amount.

2. It is very safe and secure means of carrying out payment.

3. It has high transactions per second rate, which makes payment transaction faster.

4. Token holders receive profit sharing from KitToken business earnings.

KitTokens (KIT)

The KitToken is referred to as KIT, which is a standard ERC20 token of the ethereum blockchain. These KIT tokens will be utilized in the ecosystem for general transaction activities and for payment of rewards to token holders.

General Token information
Token name: KitToken
Symbol: KIT
Decimal: 18
Cost per token: $0.05

Token count information
Total Supply: 8 Billion
For Reserve: 2.5 Billion
For sale: 3.5 Billion
Airdrop+Bonuses: 2 Billion
Platform and Compiler Version:
Platform: ERC20 (Ethereum Platform)
Compiler Version: v0.4.21+commit.dfe3193c

ICO and Pre-sale information:
Early Bird sale event: 20th to 25th July (Bonus 70%)
: 26th to 31st July (Bonus 50%)
ICO sale:
1st phase: 1st August to 10th August (Bonus 30%)
2nd phase: 11th August to 20th August (Bonus 20%)
RoadMap

The Team

More Information :
Website : https://kittoken.net
Telegram : https://t.me/kittokenofficial
White Paper : https://img1.wsimg.com/blobby/go/030bdbd0-d698-4aa3-ba4d-d2bc680f2ec9/downloads/1chf5j90p_313571.pdf
Twitter : https://twitter.com/TokenKit
Facebook : https://www.facebook.com/KitTokenOfficial
Medium : https://medium.com/@kittoken.official
ANN TREAD : https://bitcointalk.org/index.php?topic=4557979.msg41057899#msg41057899

Authors Bitcointalk username: Ty_ways
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1997013
Eth Wallet: 0x111aC8CaCa21261668425AF49784EA8F5DA3B8dC

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